OKN free cash flow $($FCF$)$ forecast is $$205$ million for the year $2024$ and growing at $10\%$ per year. Analysts forecast that starting from $2026,$ OKN$$s free cash flow will settle to a growth rate of $3\%$ per year indefinitely. The Weighted Average Cost of Capital $($WACC$)$ of $8\%$ is the appropriate discount rate for OKN. How much is the enterprise value of OKN in $2023($rounded to the nearest million $$)?$

Question $1$Answer

A$.$

$4523$

B$.$

$4636$

C$.$

$4840$

D$.$

$4961$

E$.$

None of the answers in A$,$ B$,$ C and D are correct.